According to TechSci Research report “India Operational Technology Security Market - By Region, Competition, Forecast & Opportunities, 2019-2029F”, the India operational technology security market is expected to register robust growth during the forecast period, 2025-2029. India's operational technology (OT) security sector is experiencing significant growth, driven by a heightened focus on safeguarding industrial systems and networks against cyber threats, particularly in critical infrastructures like power stations. The demand for OT security solutions is expected to surge as these technologies evolve and intersect with networked systems. Businesses are increasingly prioritizing reliable and efficient services in operational technology security to fortify their defenses.
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Government initiatives such as Cyber Surakshit Bharat, the Digital India initiative, and the adoption of Cloud Computing (Meghraj) within government entities are further accelerating the need for robust OT security measures nationwide. Additionally, the trend towards reduced capital expenditures and rapid deployment of security solutions to combat cyber threats is fueling market expansion over the forecast period.
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The proliferation of industrial internet of things (IIoT), smart sensors, mobility solutions, and connected devices on factory floors has heightened vulnerabilities to sophisticated cyber attacks. This escalation in digital technologies across industrial systems, coupled with enterprise demands for enhanced security solutions to ensure uninterrupted business operations, is driving the growth of India's OT security market throughout the projected period.
Based on components, the market is segmented into solutions and service. The solution segment is further categorized into OT endpoint security, OT network segmentation, anomaly detection, incident response and reporting, and others. the service segment is further categorized into professional and managed. Based on deployment, the market is segmented into public, private and hybrid. Based on enterprise size, the market is divided into small & medium enterprise and large-sized enterprise. Based on end-user, the market is segmented into BFSI, power & energy, manufacturing, transportation & logistics, mining, oil & gas, and others.
Based on deployment type, the public deployment segment is expected to maintain its dominance during the forecast period, followed by hybrid cloud deployment. The public deployment models are cost-effective and require less expenditure during operations and hence, vendors are focusing on deploying cloud based private deployment.
Based on enterprise size, large enterprises are likely to maintain maximum market share as most of them are early adopters of advent technologies. Other significant aspects supporting the segment's growth are the decrease in capital and operating expenses as well as huge customer base. Additionally, the adoption is expected to be supported by the growing trend of critical infrastructure enhancement such as data centers and complex IT infrastructures. Due to flexible and affordable solution options, small and medium-sized businesses are expected to see substantial development. To grow their company operations, several small and medium-sized enterprises have begun to use cloud-based installations. Small and medium-sized enterprise ambitious objective to enhance efficiency, productivity, reporting capabilities, and customer service management in the upcoming years are further aiding in the deployment of operational technology security.
Based on end users, the BFSI segment is expected to register the fastest growth during the forecast period, followed by the power industry segment. Banks and other financial organizations are being pushed by digitalization to streamline their processes and provide amenities that are comfortable for their clients. To automate and secure the infrastructure, banks, and other organizations are turning more and more towards cloud based operational technology solutions for enhancing the security from cyber threats. The banking and finance sector are increasingly adopting operational technology security because of their potential to improve customer service. Additionally, the need is being driven by IT-enabled services, which rely on the teleworking or remote service paradigm. To automate the operations, the power industry is increasingly implementing cloud-native operational technology security solutions to enhance critical infrastructure
Key market players in the India Operational Technology Security Market include:
- Rockwell Automation India Pvt. Ltd
- IBM Corporation
- Oracle Corporation
- Schneider Electric India Pvt Ltd.
- ABB India Ltd.
- Emerson Electric Company (India) Private Limited
- Honeywell International India Private Limited.
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““South, being the larger IT hub region, holds the largest market share of operational technology security, benefiting from the presence of several IT companies and early adoption of advanced technology. The emphasis on automation across industries and adoption of industry 4.0 solutions is expected to increase the demand for operational technology security, across India. Additionally, India is emerging as one of the major manufacturing hub across the Asia Pacific region, thereby many enterprises in the country are increasingly adopting industrial automation solutions such as operational technology, SCADA systems that are further propelling the market growth. The favorable initiatives by the Indian government to encourage the adoption of cloud-based systems, cyber security measures, and automation of business processes, are propelling the market demand. Moreover, cities like Hyderabad, Chennai, Bangalore, are receiving huge investments in data centers, cloud infrastructure, and various technologies, which has created the surge in the demand, and further proliferating the growth of Operational Technology Security in India.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
India Operational Technology Security Market – Segmented By Component (Solutions (OT Endpoint Security, OT Network Segmentation, Anomaly Detection, Incident Response and Reporting, Others) and Service (Professional, Managed)), By Deployment (Public, Private and Hybrid), By Enterprise Size (Small & Medium Enterprise and Large-Sized Enterprise), By End-User (BFSI, Power & Energy, Manufacturing, Transportation & Logistics, Mining, Oil & Gas, Others), By Region, Competition Forecast & Opportunities, 2029F has evaluated the future growth potential of India Operational Technology Security Market and provides statistics & information on market size, structure, and future market growth. The report's goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends, as well as key drivers, challenges, and opportunities in the India Operational Technology Security market.
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